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IRS Eases 1099-K Rules with $20K Limit

The Internal Revenue Service issued updated frequently asked questions on Form 1099-K on Oct. 23, 2025, clarifying reporting requirements for third-party payment networks under the One, Big, Beautiful ...
Tax Guru

ITAT Condones 972-Day Delay Citing Bona Fide Belief & Age of 71-Year-Old Assessee

ITAT held that the delay in filing appeal was caused by genuine reasons, including the taxpayer’s age and misunderstanding of online procedures. The case was remanded to CIT(A) for fresh adjudication ...
Tax Guru

Hearing Before GST Reply is ‘Cart Before the Horse’ Procedurally: Uttarakhand HC

The Uttarakhand High Court set aside a GST assessment order, ruling that the revenue authority's scheduling of a personal ...
Tax Guru

GST Refund Application Not Time-Barred if Deficiency Period Excluded: Gujarat HC

The Gujarat High Court held that the period between the initial refund filing and issuance of a deficiency memo must be excluded when computing the two-year limitation under Section 54 of the CGST ...
Tax Guru

CPC Exceeded Jurisdiction in Disallowing 80P Deduction for AY 2019–20: ITAT Hyderabad

ITAT Hyderabad condoned a 290-day delay in filing an appeal, accepting that the order was sent to an old email address and the officer’s illness caused genuine ...
Tax Guru

Delhi HC’s Scrutiny of CBDT’s Transfer Pricing Exclusion in Extension of due date

Delhi HC reviews CBDT's decision to exclude Transfer Pricing (TP) cases from the extended ITR deadline, an unprecedented ...
Tax Guru

Madras HC quashed GST Order for Ignoring Submitted Documents

The Madras High Court set aside a GST assessment order because the Tax Officer's claim of 'no documents submitted' was factually contradicted by the records, which indicated a reply with enclosures ...
Tax Guru

Rejection of Section 80G Approval Without Hearing Held Invalid by ITAT Ahmedabad

ITAT Ahmedabad held that denial of opportunity of hearing while rejecting an 80G(5)(iii) application violates natural justice and remanded the case for fresh ...
This is Money

Paying their fair share? UK relies on 500,000 taxpayers for a THIRD of all income tax and capital gains tax

The top 1 per cent of taxpayers are responsible for around a third of the total paid in combined income tax and capital gains tax. The Chancellor says taxing the wealthy more will be 'part of the ...
LiveLaw

Tax Weekly Round-Up: November 03 - November 09, 2025

SUPREME COURTSupreme Court Dismisses Customs' Appeal Seeking Rs 93 Lakh Duty On Lulu Malls' Imported TrampolinesCase Title: COMMISSIONER OF CUSTOMS V LULU INTERNATIONAL SHOPPLING MALLS PVT.
Tax Guru

GST Registration cancellation order for non-existent premises was based on solid facts, assessee was directed to file statutory appeal

Where inspection reports and material evidence establish non-functional business activity and assessee failed to avail opportunities for hearing, cancellation of registration under Rule 21 of the BGST ...

Owners of closed Washington Avenue nightclub indicted on COVID relief fraud

Prosecutors said Dana Kelly and Alexander Sampson lied on their PPP application and the forgiveness paperwork. Their $397,210 ...